Landstar System Inc. DEF 14A: Executive Compensation Details
Ticker: LSTR · Form: DEF 14A · Filed: Apr 4, 2025 · CIK: 853816
Sentiment: neutral
Topics: executive-compensation, proxy-statement, equity-awards
Related Tickers: LSTR
TL;DR
Landstar's DEF 14A is out, detailing exec pay and equity awards for FY23.
AI Summary
Landstar System Inc. filed its DEF 14A on April 4, 2025, for the fiscal year ending December 30, 2023. The filing details executive compensation, including equity awards granted to members like Mr. Lonegro and Mr. Gattoni. It also reports on the change in fair value of outstanding equity awards and adjustments made to these awards.
Why It Matters
This filing provides transparency into how Landstar System Inc. compensates its top executives, which can influence investor decisions and corporate governance.
Risk Assessment
Risk Level: low — This is a routine annual filing (DEF 14A) primarily detailing executive compensation and corporate governance, with no immediate red flags.
Key Numbers
- 2023-12-31 — Fiscal Year End (The period for which compensation details are reported.)
- 20250404 — Filing Date (The date the DEF 14A was submitted to the SEC.)
Key Players & Entities
- Landstar System Inc. (company) — Filer of the DEF 14A
- Mr. Lonegro (person) — Executive mentioned in relation to equity awards
- Mr. Gattoni (person) — Executive mentioned in relation to equity awards
FAQ
What is the primary purpose of a DEF 14A filing?
A DEF 14A filing, also known as a Definitive Proxy Statement, is filed by companies to solicit proxies from shareholders for their annual meeting and to provide detailed information on executive compensation, director nominations, and other corporate governance matters.
Who are the key individuals mentioned in relation to equity awards?
The filing mentions individuals such as Mr. Lonegro and Mr. Gattoni in the context of equity awards granted and their fair values.
What fiscal year does this DEF 14A filing primarily cover?
This DEF 14A filing primarily covers the fiscal year ending December 30, 2023, with some data points extending to the fiscal year ending December 28, 2024.
What specific financial metrics related to equity awards are detailed?
The filing details metrics such as the year-end reported value of equity awards, changes in the fair value of outstanding equity awards, and adjustments to these awards.
When was this DEF 14A filed with the SEC?
This DEF 14A filing was filed with the SEC on April 4, 2025.
Filing Details
This Form DEF 14A (Form DEF 14A) was filed with the SEC on April 4, 2025 by Mr. Lonegro regarding LANDSTAR SYSTEM INC (LSTR).